Q1. In the exhibit below, Explain how does the real wage rate at point c compare with the real wage at point a? Explain how do nominal wage rates compare at those two points? Explicate your answers.
Q2. Given the difficulties which the regulation of public utilities faces that would it not is better to nationalize public utilities as several European countries have done? Explain.
Q3. Is a repeated- or a single-period game more appropriate for the study of oligopolies? In which setting is collusion more likely to be a stable outcome? Explicate your answer.